MILL BAY – Kinsol Timber Systems will receive up to $500,000 to build a pre-fabrication facility at their Mill Bay mass-timber production facility through the $180 million BC Manufacturing Jobs Fund.
The funding will assist Kinsol in adding a nail-laminated timber line, increase its sawn-timber and glue-laminated-timber fabrication and establish a new panelized wall line.
“We are incredibly grateful for the financial support from the BC Manufacturing Jobs Fund, which enables us to construct a new manufacturing facility and head office right here in the Cowichan Valley,” says Kinsol operations manager Tyler Hiltunen. “This not only galvanizes Kinsol’s commitment to the community, but will also create new jobs, enhance our production capabilities and allow us to better meet the growing demands of the mass-timber market.”
Nexus Modular Solutions of Cobble Hill will receive as much as $200,000 to expand and upgrade its existing facility and purchase new machinery that will diversify their product lines for the construction of modular and manufactured homes, which will save money and reduce waste.
“Nexus is very excited to have been chosen to receive funding from the BC Manufacturing Jobs Fund,” says Nexus business development manager Noah Topp. “We plan to use this capital to streamline our processes and add new building capacity to our growing lineup of services. This funding will allow us to continue to provide residents of Vancouver Island and the Gulf Islands with beautiful high-quality modular homes.”
Gold River Aquafarms was also awarded as much as $50,000 toward final stage planning to assess the viability of retrofitting a former pulp and paper mill warehouse for a salmon-processing facility and aquafarm.
The BC Manufacturing Jobs Fund supports for-profit organizations to plan and launch shovel-ready, high-value industrial and manufacturing projects that bring direct benefits and stable, family-supporting jobs to communities while driving clean and inclusive growth throughout the province. Applications for the fund are open and being approved on a rolling basis.
“We are investing into innovative projects throughout B.C. to get more value out of our natural resources while retaining and creating high-quality jobs that support families and communities,” said Brenda Bailey, Minister of Jobs, Economic Development and Innovation. “Supporting the growth of manufacturing companies helps us build resilient local economies throughout our province.”
Business Examiner Staff